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Banking | Mortgage | Real Estate

Refuge Estate Improvement Account

We don’t just finance improvements; we finance dreams. Let us assist you in creating your ideal home and estate.This product focuses only on financing expenditures that aim to improve the external ambience of the existing estate through the following:
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Turn Your Housing Estate Into an Exquisite Structure 

We offer a strategic partnership helping you to fund well-timed projects that enhance your neighborhood’s aesthetics, infrastructure and market value.

This product focuses only on financing expenditures that aim to improve the external ambience of the existing estate through the following:

Asset Acquisition

Improvement of Facilities

Redevelopment of the
Estate

Upgrading of Infrastructure
within the Estate

Product Basic Features
The following are the basic features of Estate Improvement Account:
  • Minimum opening and operating balance of =N=100,000.00
  • Your estate must have a minimum of 20 housing units to qualify
  • Only registered resident's associations qualify
  • The association must have an account with the bank
  • Security will be provided by the facility manager
  • The association must have operated an account with RMB for at least six months.
  • Must be guaranteed by two eligible residents of the estate with verifiable net worth
  • Turnaround time of 24 hours, subject to submission of all documents
Pre-Approval Requirements
The following are the Pre-Approval requirement of Estate Improvement Account:
  • A signed application letter
  • A filled application form
  • Submission of copy of title documents
  • Satisfactory legal search on title documents
  • Credit checks on two credit bureaus, i.e. XDS and CRC
Post-Approval Requirements
The following are the Post-Approval requirement of Estate Improvement Account:
  • Duly accepted offer letter
  • Perfection of title documents or transfer of property to RMB
  • Letter of guarantee from 2 guarantors (estate residents)
  • Two undated cheques from 2 guarantors for the total amount and interest
  • Payment of upfront fees
  • Property insurance policy on property being used as collateral

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Achieve More With Us
Improve The Value of Your Property
By improving your estate, you can increase its value and make it more attractive to potential buyers or renters and realise the potential of your real estate. Join forces with RefugeBank right now to provide your landed property with a better future.
Comfortable and Enjoyable Living Environment
Making improvements to your estate can make it a more comfortable and enjoyable place to live. Also, you make it more attractive to potential residents or tenants, which can help you command higher rents and rent out houses/apartments quickly.
Fix Health and Safety Hazards
Some estate improvements, such as roof or electrical system repairs, can be necessary to fix health and safety hazards. For more information, visit our office or send us a message via our various social media platforms or an email.
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Breathe Easy with Refuge SALAD. Contact us to apply now.
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